Education Management October 2012 Student Enrollment October 31, 2012

John Iannone Director of Investor Relations (412)995-7727

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Safe Harbor Statement This presentation may include information that could constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements typically contain words such as “anticipates,” “believes,” “estimates,” “expects,” “intends” or similar words indicating that future outcomes are not known with certainty and are subject to risk factors that could cause these outcomes to differ significantly from those projected. Forward-looking statements include, but are not limited to, statements related to the Company’s future operating and financial performance, and include statements regarding expected enrollment, revenue, expense levels, capital expenditures and earnings. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward-looking statements. Some of the factors that could cause actual results to differ materially include, but are not limited to: changes in the overall U.S. or global economy, changes in enrollment or student mix, our ability to maintain eligibility to participate in Title IV programs; increased or unanticipated legal and regulatory costs; changes in accreditation standards; the implementation of new operating procedures for our fully online programs; government and regulatory changes including revised interpretations of regulatory requirements that affect the postsecondary education industry and new regulations adopted by the U.S. Department of Education on October 29, 2010 and June 13, 2011; new programs and operational changes implemented in response to the “gainful employment” financial metrics; and other factors discussed in our filings with the Securities and Exchange Commission, including those identified in the “Risk Factors” section of our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Past results of Education Management are not necessarily indicative of its future results. Education Management does not undertake any obligation to update any forward-looking statements.

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EDMC is one of the largest and most diverse proprietary post-secondary education companies in the United States 40 years of operating history

October 2012 enrollment: 132,000 (30,300 online)

Commitment to quality academic programs

Access to broad addressable market

The Art Institutes

54%

Argosy University

19%

South University

14%

Brown Mackie College

13%

Leading Post-Secondary Education Provider

Note: Number of locations reflects count as of 10/31/2012; enrollment data includes enrollment in fully-online programs; and Argosy University includes Western State College of Law. From a regulatory perspective, The Art Institute of Dallas, The Art Institute of Ft. Worth, The Art Institute of Charlotte and The Art Institute of Raleigh Durham are part of South University; and Western State College of Law and the eight campuses of The Art Institute of California are part of Argosy University.

Enrollment Across Four Unique Brands Broad, National Footprint

Brown Mackie Colleges (28) South University (11)

Argosy University (20) The Art Institutes (51)

Data as of October 2012 (percentage of enrollment) 110 locations as of 10/31/2012

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Disciplines

Demographics Modality

Degrees

Enrollment Diversification

Unique Education Systems

EDMC’s ability to target nearly every segment of the addressable market drives a diversified growth model

Industry Leader

Note: data as of October 2012 (percentage of enrollment)

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Degrees

Note: data as of October 2012 (percentage of enrollment)

EDMC’s ability to target nearly every segment of the addressable market drives a diversified growth model

Enrollment Diversification

Disciplines

Media Arts 23%

Health Sciences

17%

Design 13%

Behavioral Sciences

12%

Culinary 11%

Business 9%

Fashion 7%

Legal 5%

Education 2%

IT 1%

Bachelor's 48%

Associate's 33%

Master's 7%

Doctorate 6%

Diploma 5%

Other 1%

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Modality

Campus Based 77%

Fully Online 23%

Note: data as of October 2012 (percentage of enrollment)

EDMC’s ability to target nearly every segment of the addressable market drives a diversified growth model

Enrollment Diversification

Demographics

Traditional 47%

Working Adult 43%

Working Professional

10%

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Disciplines

Degrees

71,000 students – 14% fully online

51 locations

Media arts, design, culinary and fashion

Bachelor’s and Associate’s degree programs

Accreditation: – Multiple regional and

national accrediting bodies

Average student age ~26 years

~65% traditional-aged students

Note: School specific information regarding accreditation and other facts can be found at www.artinstitutes.edu. Enrollment figures and percentages as of October 2012 and includes online enrollments. Number of locations reflects count as of 10/31/2012. From a regulatory perspective, The Art Institute of Dallas, The Art Institute of Ft. Worth, The Art Institute of Charlotte and The Art Institute of Raleigh Durham are part of South University; and the eight campuses of The Art Institute of California are part of Argosy University.

The Art Institutes

Bachelor's 63%

Associate's 30%

Diploma 6%

Other 1%

Media Arts 42%

Design 24%

Culinary 21%

Fashion 13%

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Degrees

Disciplines 24,800 students

– 39% fully online

20 locations

Behavioral sciences, business, education, legal and health sciences

Doctorate, Master’s and Bachelor’s degree programs

Accreditation:

– Western Association of Schools & Colleges

Average student age ~36 years

Note: School specific information regarding accreditation and other facts can be found at www.argosy.edu and www.wsulaw.edu. Enrollment figures and percentages as of October 2012 and includes online enrollments and Western State College of Law. Number of locations reflects count as of 10/31/2012 and includes Western State University College of Law. From a regulatory perspective, Western State College of Law and the eight campuses of The Art Institute of California are part of Argosy University.

Argosy University

Bachelor's 36%

Associate's 9%

Master's 26%

Doctorate 29%

Health Sciences

5%

Behavioral Sciences

56%

Business 22%

Legal 7%

Education 10%

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Disciplines

Degrees

17,800 students

28 locations

Health sciences, business, legal and IT

Associate’s, Diploma and Bachelor’s degree programs

Accreditation: – Higher Learning

Commission

– Accrediting Council for Independent Colleges and Schools

Average student age ~30 years

Note: School specific information regarding accreditation and other facts can be found at www.brownmackie.edu. Enrollment figures and percentages as of October 2012. Number of locations reflects count as of 10/31/2012.

Brown Mackie College

Bachelor's 7%

Associate's 78%

Diploma 10%

Other 5%

Media Arts & Design

2%

Health Sciences

61% Business

16%

Legal 16%

Education 1%

IT 4%

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Disciplines

Degrees

Established in 1899

18,400 students – 58% fully online

11 locations

Health sciences, business, legal, behavioral sciences and IT

Bachelor’s, Associate’s, Master’s and Doctorate degree programs

Accreditation: – Southern Association of

Colleges and Schools

Average student age ~33 years

Note: School specific information regarding accreditation and other facts can be found at www.southuniversity.edu. Enrollment figures and percentages as of October 2012 and includes online enrollments. Number of locations reflects count as of 10/31/2012. From a regulatory perspective, The Art Institute of Dallas, The Art Institute of Ft. Worth, The Art Institute of Charlotte and The Art Institute of Raleigh Durham are part of South University.

South University

Bachelor's 49%

Associate's 36%

Master's 13%

Doctorate 2%

Health Sciences

53%

Behavioral Sciences

9%

Business 19%

Legal 13%

IT 6%